BAHL 9MCY26 profit drops 9%

MG News | October 22, 2026 at 03:25 PM GMT+05:00

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October 22, 2026 (MLN): Bank AL Habib Limited (PSX: BAHL) reported a 9% decline in its consolidated net profit for the nine months period ended September 30, 2026 (9MCY26), recording Rs24.18bn compared to Rs26.68bn in the corresponding period last year.

The company also declared cash dividend of Rs3.5 per share.

Reflecting this bottom-line compression, basic and diluted earnings per share (EPS) attributable to shareholders of the holding company fell to Rs21.74, down from Rs23.99 in 9MCY25.

However, for the third quarter (Q3CY26) alone, net profit expanded 27% to Rs8.77bn (EPS of Rs7.88) compared to Rs6.89bn (EPS of Rs6.19) in Q3CY25.

The primary factor behind the nine-month performance was an expansion in operating expenses and securities losses, which offset strong fee income, foreign exchange gains, and credit loss allowance reversals.

Gross mark-up/return earned held firm at Rs261.15bn. After mark-up/return expensed of Rs161.40bn, net mark-up income settled at Rs99.75bn, slightly up from Rs99.59bn in 9MCY25.

On the non-mark-up income front, fee and commission income expanded 12% to Rs18.14bn, while foreign exchange income jumped 42% to Rs8.06bn.

However, BAHL recorded net losses on securities of Rs775.63m (compared to a gain of Rs541.09m in 9MCY25).

Supported by "other income" of Rs1.24bn and associate profits of Rs958.88m, total non-mark-up income rose 14% to Rs28.01bn, bringing total income up 3% to Rs127.75bn.

On the operational side, operating expenses expanded 13% to Rs78.85bn, pushing total non-mark-up expenses to Rs79.99bn.

Profit before credit loss allowance fell 10% to Rs47.76bn. However, pre-tax performance was supported by net credit loss allowance write-offs/reversals of Rs2.52bn, resulting in profit before taxation of Rs50.29bn (down 9% from Rs55.41bn in 9MCY25).

The bank absorbed a reduced corporate tax charge of Rs26.11bn for the period (down 9% from Rs28.73bn in 9MCY25).

Supported by strong fee revenue, foreign exchange income growth, Bank AL Habib Limited closed the nine-month period with a net profit of Rs24.18bn

STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000)
Description	2026	2025	change %
Mark-up / return / interest earned	261,146,397	260,631,796	0.2%
Mark-up / return / interest expensed	(161,399,045)	(161,046,771)	0.2%
Net mark-up / interest income	99,747,352	99,585,025	0.2%
Fee and commission income	18,140,181	16,258,229	11.6%
Dividend income	374,144	387,737	-3.5%
Foreign exchange income	8,064,105	5,665,122	42.3%
(Loss) / gain on securities - net	(775,634)	541,090
Share of profit from associates	958,880	1,015,054	-5.5%
Other income	1,244,651	744,079	67.3%
Total non mark-up / interest income	28,006,327	24,611,311	13.8%
Total income	127,753,679	124,196,336	2.9%
Operating expenses	(78,849,992)	(69,783,967)	13.0%
Workers' welfare fund	(1,034,578)	(1,126,995)	-8.2%
Other charges	(104,336)	(76,271)	36.8%
Total non mark-up / interest expenses	(79,988,906)	(70,987,233)	12.7%
Profit before credit loss allowance	47,764,773	53,209,103	-10.2%
Credit loss allowance and write-offs - net	2,521,340	2,199,596	14.6%
PROFIT BEFORE TAXATION	50,286,113	55,408,699	-9.2%
Taxation	(26,108,285)	(28,732,006)	-9.1%
PROFIT AFTER TAXATION	24,177,828	26,676,693	-9.4%
Basic and diluted earnings per share attributable to shareholders (Rupees)	21.74	23.99	-9.4%

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